Compass: Oddo maintains rating before interim results
(CercleFinance.com) - Oddo maintains its Reduce rating on the Compass stock, along with target price of 1550p.
The broker believes that the stock has limited catalysts and that it is trading at a generous valuation.
Oddo expects H1 sales of 11.59 billion dollars, down slightly, given adverse FX factors. However, its analysts believe that organic growth should be solid at 5.4%.
They continue, saying that they expect stable operating margins at 7.6% and PBT of 831 million pounds, down 1.4%, with EPS of 38.9p, up 2.1%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker believes that the stock has limited catalysts and that it is trading at a generous valuation.
Oddo expects H1 sales of 11.59 billion dollars, down slightly, given adverse FX factors. However, its analysts believe that organic growth should be solid at 5.4%.
They continue, saying that they expect stable operating margins at 7.6% and PBT of 831 million pounds, down 1.4%, with EPS of 38.9p, up 2.1%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.